Entrepreneurs: John D. Rockefeller

Size: px
Start display at page:

Download "Entrepreneurs: John D. Rockefeller"

Transcription

1 Entrepreneurs: John D. Rockefeller By Biography.com Editors and A+E Networks on Word Count 939 A photograph of John D. Rockefeller, circa Wikimedia Commons Synopsis: American industrialist John D. Rockefeller was born on July 8, 1839, in Richford, New York. He built his first oil refinery near Cleveland and in 1870 incorporated the Standard Oil Company. By 1882 he had a near-monopoly of the oil business in the United States, but his business practices led to the passing of antitrust laws. Late in life, Rockefeller devoted himself to philanthropy. He died in Early Years Born in Richford, New York, on July 8, 1839, John Davison Rockefeller moved with his family to Cleveland, Ohio, at the age of 14. Unafraid of hard work, he embarked on a number of small-business ventures as a teenager, landing his first real office job at age 16 as an assistant bookkeeper with Hewitt & Tuttle, commission merchants and produce shippers. By the age of 20, Rockefeller, who'd thrived at his job, ventured out on his own with a business partner, working as a commission merchant in hay, meats, grains and other goods. At the close of the company's first year in business, it had grossed $450,000. This article is available at 5 reading levels at 1

2 A careful and studious businessman who refrained from taking unnecessary risks, Rockefeller sensed an opportunity in the oil business in the early 1860s. With oil production ramping up in western Pennsylvania, Rockefeller decided that establishing an oil refinery near Cleveland, a short distance from Pittsburgh, would be a good business move. In 1863, he opened his first refinery, and within two years it was the largest in the area. It didn't take much further success to convince Rockefeller to turn his attention full time to the oil business. Standard Oil In 1870, Rockefeller and his associates incorporated the Standard Oil Company, which immediately prospered, thanks to favorable economic/industry conditions and Rockefeller s drive to streamline the company s operations and keep margins high. With success came acquisitions, as Standard began buying out its competitors. Standard s moves were so quick and sweeping that it controlled the majority of refineries in the Cleveland area within two years. Standard then used its size and ubiquity in the region to make favorable deals with railroads to ship its oil. At the same time, Standard got into the business itself with the purchase of pipelines and terminals, setting up a system of transport for its own products. Controlling (or owning) almost every aspect of the business, Standard s grip on the industry tightened, and it even bought thousands of acres of forest for lumber and drilling and to block competitors from running their own pipelines. Standard s footprint got bigger as well, and it bought up competitors in other regions, soon pursuing ambitions of being an industry player both coast-to-coast in the United States and abroad. In just over a decade since Standard Oil was incorporated, it had a nearmonopoly of the oil business in the United States and consolidated each division under one giant corporate umbrella, with Rockefeller overseeing all of it. Everything Rockefeller had done to this point had led to the first American monopoly, or trust, and it would serve as a guiding light for others in big business following behind him. Antitrust Issues With such an aggressive push into the industry, the public and the U.S. Congress took notice of Standard and its seemingly unstoppable march. Monopolistic behavior was not kindly regarded, and Standard soon became the epitome of a company grown too big and too dominant for the public good. Congress jumped into the fray with both feet in 1890 with the Sherman Antitrust Act, and two years later the Ohio Supreme Court deemed Standard Oil a monopoly that stood in violation of Ohio law. Always eager to be a step ahead, Rockefeller dissolved the corporation and allowed each property under the Standard banner to be run by others. The overall hierarchy remained chiefly in place, though, and Standard s board maintained control of the web of spun-off companies. This article is available at 5 reading levels at 2

3 Just nine years after the company broke itself into pieces in the face of antitrust legislation, those pieces were again reassembled in a holding company. In 1911, however, the U.S. Supreme Court declared the new entity in violation of the Sherman Antitrust Act and illegal, and it was again forced to dissolve. Later Years And Legacy Rockefeller was a devout Baptist, and once retired from the daily operations of running one of the world s largest businesses (in 1895, at age 56), he kept himself busy with charitable endeavors, becoming one of the more respected philanthropists in history. His money helped pay for the creation of the University of Chicago (1892), to which he gave more than $80 million before his death. He also helped found the Rockefeller Institute for Medical Research (later named Rockefeller University) in New York and the Rockefeller Foundation. In total, he gave away more than $530 million to various causes. With his wife, Laura, Rockefeller had 5 children, including a daughter, Alice, who died in infancy. Rockefeller passed away on May 23, 1937, in Ormond Beach, Florida. His legacy, however, lives on: Rockefeller is considered one of America's leading businessmen and is credited with helping to shape the United States into what it is today. His only son, also named John, served by his father s side as a philanthropist while the elder Rockefeller was still alive and would continue his father s legacy of giving. During World War II he helped establish the United Service Organizations, and after the war he donated land for the United Nations New York City headquarters. He also donated $5 million to the Lincoln Center for the Performing Arts in New York City, helped in the restoration of Colonial Williamsburg, Virginia, and provided funding for the Museum of Modern Art. This article is available at 5 reading levels at 3

4 Quiz 1 Which of the following sentences from the article BEST shows how Rockefeller is remembered? Just nine years after the company broke itself into pieces in the face of antitrust legislation, those pieces were again reassembled in a holding company. Rockefeller is considered one of America's leading businessmen and is credited with helping to shape the United States into what it is today. During World War II he helped establish the United Service Organizations, and after the war he donated land for the United Nations New York City headquarters. 2 Read the following selection from the article. Always eager to be a step ahead, Rockefeller dissolved the corporation and allowed each property under the Standard banner to be run by others. The overall hierarchy remained chiefly in place, though, and Standard s board maintained control of the web of spunoff companies. Which of the following conclusions can be drawn from the selection above? Even though Rockefeller technically obeyed antitrust law, he still had control over oil production in the U.S. As a result of antitrust laws, Rockefeller was forced to dismantle his company and relinquish control of the industry. The Ohio Supreme Court made the wrong decision in forcing the breakup of Standard Oil Company through antitrust laws. Rockefeller eventually retired from oil production since it was no longer profitable, and took up a life of philanthropy. This article is available at 5 reading levels at 4

5 3 What are the two central ideas of the article? The Standard Oil Company had a monopoly over the U.S. oil industry; the Sherman Antitrust Act of 1890 was passed to break up monopolies. Rockefeller was born in New York and was a hard-working youth; after making a fortune, he eventually gave much of his money away. Rockefeller founded the Standard Oil Company, which became the first U.S. monopoly; in his retirement, Rockefeller supported many charitable causes. The Standard Oil Company gained control of the oil industry by streamlining production and buying out competitors; Rockefeller pioneered this business strategy. 4 Which citation BEST reflects the central idea that Rockefeller had a keen mind for business? By the age of 20, Rockefeller, who'd thrived at his job, ventured out on his own with a business partner, working as a commission merchant in hay, meats, grains and other goods. A careful and studious businessman who refrained from taking unnecessary risks, Rockefeller sensed an opportunity in the oil business in the early 1860s. His money helped pay for the creation of the University of Chicago (1892), to which he gave more than $80 million before his death. This article is available at 5 reading levels at 5

6 Answer Key 1 Which of the following sentences from the article BEST shows how Rockefeller is remembered? Just nine years after the company broke itself into pieces in the face of antitrust legislation, those pieces were again reassembled in a holding company. Rockefeller is considered one of America's leading businessmen and is credited with helping to shape the United States into what it is today. During World War II he helped establish the United Service Organizations, and after the war he donated land for the United Nations New York City headquarters. 2 Read the following selection from the article. Always eager to be a step ahead, Rockefeller dissolved the corporation and allowed each property under the Standard banner to be run by others. The overall hierarchy remained chiefly in place, though, and Standard s board maintained control of the web of spunoff companies. Which of the following conclusions can be drawn from the selection above? Even though Rockefeller technically obeyed antitrust law, he still had control over oil production in the U.S. As a result of antitrust laws, Rockefeller was forced to dismantle his company and relinquish control of the industry. The Ohio Supreme Court made the wrong decision in forcing the breakup of Standard Oil Company through antitrust laws. Rockefeller eventually retired from oil production since it was no longer profitable, and took up a life of philanthropy. This article is available at 5 reading levels at 6

7 3 What are the two central ideas of the article? The Standard Oil Company had a monopoly over the U.S. oil industry; the Sherman Antitrust Act of 1890 was passed to break up monopolies. Rockefeller was born in New York and was a hard-working youth; after making a fortune, he eventually gave much of his money away. Rockefeller founded the Standard Oil Company, which became the first U.S. monopoly; in his retirement, Rockefeller supported many charitable causes. The Standard Oil Company gained control of the oil industry by streamlining production and buying out competitors; Rockefeller pioneered this business strategy. 4 Which citation BEST reflects the central idea that Rockefeller had a keen mind for business? By the age of 20, Rockefeller, who'd thrived at his job, ventured out on his own with a business partner, working as a commission merchant in hay, meats, grains and other goods. A careful and studious businessman who refrained from taking unnecessary risks, Rockefeller sensed an opportunity in the oil business in the early 1860s. His money helped pay for the creation of the University of Chicago (1892), to which he gave more than $80 million before his death. This article is available at 5 reading levels at 7

John D. Rockefeller. Net Worth: $318 billion. A short history of John D. Rockefeller

John D. Rockefeller. Net Worth: $318 billion. A short history of John D. Rockefeller John D. Rockefeller Net Worth: $318 billion A short history of John D. Rockefeller John Davison Rockefeller ( born July 8, 1839 died May 23, 1937) was an American industrialist and philanthropist 1. Rockefeller

More information

Robber Barons vs. Captains of Industry

Robber Barons vs. Captains of Industry Robber Barons vs. Captains of Industry Warm Up: Complete the following to the best of your knowledge: In a capitalist economy, how are prices determined? Explain the difference between a corporation and

More information

AIM: Was big business helpful or hurtful to America?

AIM: Was big business helpful or hurtful to America? US Economy Capitalism- Laissez-Faire- Types of Big Businesses Corporation = 3 or more people Monopoly = 1 person controls an ENTIRE industry Ms. V s pen Mr. K s pen Ms. V. Trust = 2 companies join together

More information

WARM UP. 1 You have 20 minutes to begin working on the study guide for your first test tomorrow

WARM UP. 1 You have 20 minutes to begin working on the study guide for your first test tomorrow WARM UP 1 You have 20 minutes to begin working on the study guide for your first test tomorrow 2 The study guide gives you an additional 15 points on the test 1 To pass test = study guide and 45 2 To get

More information

LESSON 1: ETHICS, BUSINESS, AND GOLD, Vocabulary

LESSON 1: ETHICS, BUSINESS, AND GOLD, Vocabulary LESSON 1: ETHICS, BUSINESS, AND GOLD, 1870 1905 Vocabulary Gilded Age The time period from about 1870 to 1900; implies a layer of gold on the surface, but rotten underneath Pool agreement/cartel Businessmen

More information

WARM-UP Grab your books Pass forward your homework Answer the following questions in your notebook: Why was the transcontinental railroad such a big

WARM-UP Grab your books Pass forward your homework Answer the following questions in your notebook: Why was the transcontinental railroad such a big WARM-UP Grab your books Pass forward your homework Answer the following questions in your notebook: Why was the transcontinental railroad such a big deal for our country? Why did the government give land

More information

Industrialization & Big Business

Industrialization & Big Business Industrialization & Big Business Industrialization First began in US during the early 1800s Accelerated during the Civil War By 1900, US had become the world s leading industrial power Natural Resources

More information

Friday September Bellringer: CEC over Carnegie and Wealth on Page Left Column Notes: Chapter 4.2

Friday September Bellringer: CEC over Carnegie and Wealth on Page Left Column Notes: Chapter 4.2 All Electronics Off & Away!!! Friday September 8 1. Bellringer: CEC over Carnegie and Wealth on Page 113 2. Left Column Notes: Chapter 4.2 10 Facts from video: Vanderbilt, Rockefeller, Carnegie, Morgan

More information

The Industrialization of the United States s 1910 s

The Industrialization of the United States s 1910 s The Industrialization of the United States 1860 s 1910 s The South Builds Railways O After the Civil War, the South began building more railroads to rival those of the North. O South now relied on its

More information

Inventors and Scientists: Ben Franklin

Inventors and Scientists: Ben Franklin Inventors and Scientists: Ben Franklin By Biography.com Editors and A+E Networks, adapted by Newsela staff on 08.16.16 Word Count 751 A portrait of Benjamin Franklin by Joseph Siffred Duplessis, circa

More information

Industrialization. The Gilded Age

Industrialization. The Gilded Age Industrialization The Gilded Age Warm up 1.What does it mean to be Gilded? 2.How does this best describe the Gilded Age? ssential Questions: Unit 2: The Gilded Age. Was the rise of industry good for the

More information

Captain of Industry or Robber Baron?

Captain of Industry or Robber Baron? Andrew Carnegie Andrew Carnegie was born in Scotland in 1835. He migrated to the Allegheny, Pennsylvania with his family when he was 13 years old. He took a job as a bobbin boy, changing spools of thread

More information

Railroads and Rise of Big Business. Age. Transcontinental Railroad. Term coined by

Railroads and Rise of Big Business. Age. Transcontinental Railroad. Term coined by Railroads and Rise of Big Business Age Term coined by Refers to last quarter of the 19th century Looked glitzy, but not pure Transcontinental Railroad Central Pacific and Union Pacific Railroads met at

More information

The Men Who Built America Episode 1: A New War Begins

The Men Who Built America Episode 1: A New War Begins Episode 1: A New War Begins Episode Description: As the nation attempts to rebuild following the destruction of the Civil War, Cornelius Vanderbilt is the first to see the need for unity to regain America

More information

Causes & Impact of Industrialization

Causes & Impact of Industrialization Causes & Impact of Industrialization From Agriculture to Industry At the time of the Civil War, the leading source of economic growth was agriculture. Forty years later, manufacturing had taken its place.

More information

American Federation of Labor

American Federation of Labor Samuel Gompers Samuel Gompers was a cigar maker who became a labor union leader and a key figure in American labor history. Gompers founded the American Federation of Labor (AFL), and served as that organization's

More information

Expansion and Reform: Technology of the 1800s

Expansion and Reform: Technology of the 1800s Expansion and Reform: Technology of the 1800s By Brent D. Glass, The Lehrman Institute of American History, adapted by Newsela staff on 11.18.16 Word Count 977 Railroad workers celebrate at the driving

More information

Creating America (Survey)

Creating America (Survey) Creating America (Survey) Chapter 20: An Industrial Society, 1860-1914 Section 1: The Growth of Industry Main Idea: The growth of industry during the years 1860 to 1914 transformed life in America. After

More information

Lesson Chronicles Project: The Men Who Built America Episode 8: A New Machine

Lesson Chronicles Project: The Men Who Built America Episode 8: A New Machine Name: Date: (2 points) Episode 8 Grade Lesson Chronicles Project: The Men Who Built America Episode 8: A New Machine Points Earned out of 130 Percentage Grade Episode 8 Mission Write the Episode 8 mission

More information

Unit 6: Development of an Industrial United States ( ) Part 2: The Rise of Big Business in America

Unit 6: Development of an Industrial United States ( ) Part 2: The Rise of Big Business in America Unit 6: Development of an Industrial United States (1870-1920) Part 2: The Rise of Big Business in America ObjecKves: 1. Explain why the steel industry became important a8er the Civil War. (9.4.4.20.1)

More information

People Who Built America: Vanderbilt By Noah Remnick

People Who Built America: Vanderbilt By Noah Remnick People Who Built America: Vanderbilt People Who Built America: Vanderbilt By Noah Remnick Cornelius Vanderbilt was a man of vast wealth and power who began life as the son of a poor seaman living on Staten

More information

http://upload.wikimedia.org/wikipedia/commons/7/73/opec_headquarters.jpg Price Monopoly Supply P E E Q E Demand Quantity P Monopoly S P E E Marshall s Consumer Surplus - a benefit to the entire community,

More information

Copyright 2012 Study Island - All rights reserved.

Copyright 2012 Study Island - All rights reserved. The Rise of Big Business Copyright 2012 Study Island - All rights reserved. 1. John D. Rockefeller originally made his fortune in which industry? A. electronics B. oil C. railroad D. steel 2. Which leader

More information

TEST #6. SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction.

TEST #6. SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction. TEST #6 SSUSH11 The student will describe the growth of big business and technological innovations after Reconstruction. SSUSH12 The student will analyze important consequences of American industrial growth.

More information

The Industrial Age. Chapter 19 Page 610

The Industrial Age. Chapter 19 Page 610 The Industrial Age Chapter 19 Page 610 The Second Industrial Revolution Chapter 19 Section 1 page 614 Breakthroughs in Steel Processing Second Industrial Revolution, a period of rapid growth in U.S. manufacturing

More information

Time Zones: Created by railroad companies in order to avoid railroad accidents and ensure passenger safety

Time Zones: Created by railroad companies in order to avoid railroad accidents and ensure passenger safety UN#1: Industrialization Key Terms Answer Key Directions: Develop a definition to the following key vocabulary terms: Gross National Product (GNP): A measurement of a country s industrial output and wealth

More information

Warm Up. 1) Create a bubble map on everything you know about Railroads/ facts that you can find online. 2) Your map should have 20 bubbles

Warm Up. 1) Create a bubble map on everything you know about Railroads/ facts that you can find online. 2) Your map should have 20 bubbles Warm Up 1) Create a bubble map on everything you know about Railroads/ facts that you can find online 2) Your map should have 20 bubbles Warm Up I. Watch the crash course video on the Industrial Economy

More information

Artists: Vincent van Gogh

Artists: Vincent van Gogh Artists: Vincent van Gogh By Biography.com Editors and A+E Networks, adapted by Newsela staff on 07.19.16 Word Count 720 Level 940L Vincent van Gogh's "Self-Portrait with Straw Hat", painted in 1887. Second

More information

Corporate Presentation January 2012 THE TERMO COMPANY, LONG BEACH, CALIFORNIA

Corporate Presentation January 2012 THE TERMO COMPANY, LONG BEACH, CALIFORNIA Corporate Presentation January 2012 THE TERMO COMPANY, LONG BEACH, CALIFORNIA WWW.TERMOCO.COM CORPORATE CONTACT AND DISCLAIMER The Termo Company 3275 Cherry Avenue Long Beach, CA 90807 (562) 595.7401 www.termoco.com

More information

Calvin Pardee family letters

Calvin Pardee family letters 01 Finding aid prepared by Celia Caust-Ellenbogen and Michael Gubicza through the Historical Society of Pennsylvania's Hidden Collections Initiative for Pennsylvania Small Archival Repositories. Last updated

More information

Progressive Era & MONOPOLIES Key Players. Created for: JML Social Studies 7th Grade Created by: JML Library 2014

Progressive Era & MONOPOLIES Key Players. Created for: JML Social Studies 7th Grade Created by: JML Library 2014 Progressive Era & MONOPOLIES Key Players Created for: JML Social Studies 7th Grade Created by: JML Library 2014 Carnegie, Andrew Andrew Carnegie - video on history.com Empires of Industry: Andrew Carnegie

More information

Robert Campbell. R. & W. Campbell

Robert Campbell. R. & W. Campbell LESSON LESSON DESCRIPTION DESCRIPTION Robert Campbell R. & W. Campbell In this lesson, students will explore the concept of diversification as they explore the contributions of entrepreneur, Robert Campbell.

More information

Charles Clark. From Rags to Riches

Charles Clark. From Rags to Riches Charles Clark From Rags to Riches Biography written by: Becky Marburger Education Specialist Wisconsin Public Television Education A special thank you to the following for assisting with this project:

More information

Gilded Age

Gilded Age Gilded Age 1870-1900 Presidents of the Gilded Age U.S. Grant 1869-1877 Rutherford B. Hayes 1877-1881 James Garfield 1881 Chester A. Arthur 1881-1885 Grover Cleveland 1885-1889 and 1893-1897 Benjamin Harrison

More information

Big Businesses, Technology, and Labor Unions. Unit 6 SSUSH11

Big Businesses, Technology, and Labor Unions. Unit 6 SSUSH11 Big Businesses, Technology, and Labor Unions Unit 6 SSUSH11 Following the Civil War and Reconstruction Cities like Atlanta, Georgia and Dallas, Texas become significant railroad hubs and manufacturing

More information

Definition: a period of rapid growth in US manufacturing in the late 1800s.

Definition: a period of rapid growth in US manufacturing in the late 1800s. Definition: a period of rapid growth in US manufacturing in the late 1800s. 1st Industrial Revolution Pre-Civil War (1750-1850) Water powered machines Created early factories Mechanized textile production

More information

Industrialization. January 25th & 26th

Industrialization. January 25th & 26th Industrialization January 25th & 26th Warm Up - January 25th & 26th Based on what we have talked about with Jim Crow South, Westward Expansion, Urbanization, and Immigration Is progress a good or bad thing?

More information

Chapter 16 Section 1: Railroads Lead the Way

Chapter 16 Section 1: Railroads Lead the Way Chapter 16 Section 1: Railroads Lead the Way Railroads spur the economy standard gauge consolidation railroad barons time zones US8.12 Students analyze the transformation of the American economy and the

More information

J. Edgar Monroe Collection. 8 boxes, 4 linear feet. Special Collections & Archives J. Edgar & Louise S. Monroe Library Loyola University New Orleans

J. Edgar Monroe Collection. 8 boxes, 4 linear feet. Special Collections & Archives J. Edgar & Louise S. Monroe Library Loyola University New Orleans J. Edgar Monroe Collection 8 boxes, 4 linear feet Special Collections & Archives J. Edgar & Louise S. Monroe Library Loyola University New Orleans Collection 45 J. Edgar Monroe Collection Reference Code

More information

Unit #2 PA History- Lesson #4- PA Economical History A Diversity of Industries

Unit #2 PA History- Lesson #4- PA Economical History A Diversity of Industries Unit #2 PA History- Lesson #4- PA Economical History A Diversity of Industries The Edgar Thomson Steel Works, by William Rau, Braddock, PA, 1891 The Rustbelt runs right through Pennsylvania, the former

More information

Make God Your Senior Business Partner

Make God Your Senior Business Partner Make God Your Senior Business Partner By Craig Cooper I believe that one of the greatest ways that God is going to move is at work and in our businesses. Why? This is where the nonbelievers are at. From

More information

Artists: Michelangelo

Artists: Michelangelo Artists: Michelangelo By Biography.com Editors and A+E Networks, adapted by Newsela staff on 08.08.16 Word Count 851 Level 1060L A portrait of Michelangelo by Jacopino del Conte. Wikimedia Commons Synopsis:

More information

Artists: Ansel Adams. By National Park Service, adapted by Newsela staff on Word Count 765 Level 930L

Artists: Ansel Adams. By National Park Service, adapted by Newsela staff on Word Count 765 Level 930L Artists: Ansel Adams By National Park Service, adapted by Newsela staff on 03.07.17 Word Count 765 Level 930L TOP: This portrait of nature photographer Ansel Adams first appeared in the 1950 Yosemite Field

More information

Mary Garrett family papers

Mary Garrett family papers 1970-01 Finding aid prepared by Sally Cubitt, Debbie Houk, Carly Statz, Melissa Torquato. Last updated on July 17, 2014. Bryn Mawr College 2010 October 29 Table of Contents Summary Information...3 Biography/History...4

More information

The Rise of Industrialization

The Rise of Industrialization The Rise of Industrialization 1865-1900 Two major changes occur in U.S. in last half of 1800 s A. Population shifting from rural to urban 1870 s population: 40 million (75% live in rural areas 1900 population:

More information

Rockefeller easily topped the charts with an amassed wealth equal to $338 billion in today s dollars.

Rockefeller easily topped the charts with an amassed wealth equal to $338 billion in today s dollars. DIXON 1916-2011 P U T T I N O N T H Eritz BY MIKE FIELD WHEN JOHN D. ROCKEFELLER was a young man, a minister once offered him the following guidance: Earn all you can. Give all you can. It was advice that

More information

Words to Know before You Go!

Words to Know before You Go! Words to Know before You Go! artifact urban rural suburbs retired treaty Fun Facts John Jay was the eighth of ten children. Today King s College, the school where John Jay was educated, is called Columbia

More information

The Filson Historical Society. James Breckinridge Speed Additional Papers,

The Filson Historical Society. James Breckinridge Speed Additional Papers, The Filson Historical Society For information regarding literary and copyright interest for these papers, see the Curator of Special Collections. Size of Collection: 0.33 Cubic Feet Location Number: Mss./A/S742g

More information

Impact of Big Business Unit: Gilded Age, Topic: Industrialization and the Rise of Big Business

Impact of Big Business Unit: Gilded Age, Topic: Industrialization and the Rise of Big Business Duration: 1 Day Impact of Big Business Unit: Gilded Age, Topic: Industrialization and the Rise of Big Business Objective/Learning Target: Evaluate how the rise of big business impacted life of Americans

More information

Big Business and Organized Labor. Chapter 18, Section 2

Big Business and Organized Labor. Chapter 18, Section 2 Big Business and Organized Labor Chapter 18, Section 2 Big business changed the workplace and give rise to labor unions. In the late 1800s, businesses expanded, factories cranked out goods, and profits

More information

Warm Up. 1 Use your ipad to research The Gilded Age

Warm Up. 1 Use your ipad to research The Gilded Age Warm Up 1 Use your ipad to research The Gilded Age 2 Create an bubble map with 20 bubbles on people, events, facts and other informacon on the Cme period known as the Gilded Age The Gilded Age The Gilded

More information

IRISH PRIDE Page 1 HCHS

IRISH PRIDE Page 1 HCHS Chapter 5; Section 2 How did the railroads encourage the settlement of the Plains and the West? The railroads brought settlers and goods west; They transported goods east; Railroads made travel and shipping

More information

The Men Who Built America Episode 1: A New War Begins - Vanderbilt

The Men Who Built America Episode 1: A New War Begins - Vanderbilt Name: Episode 1: A New War Begins - Vanderbilt 1. Soon after acquiring his first ferry, what reputation did Vanderbilt earn? 2. Why did they call him The Commodore? 3. In 1866, Vanderbilt was especially

More information

Frederick H. Alms. On November 9, 1870, Frederick Alms married Eleanora Unzicker, daughter of a prominent doctor.

Frederick H. Alms. On November 9, 1870, Frederick Alms married Eleanora Unzicker, daughter of a prominent doctor. Frederick H. Alms Frederick H. Alms, the namesake of Alms Place, is at a minimum a well-known name in Cincinnati. But other than his association with the former Alms & Doepke Department Store that he started

More information

THE LEGACY OF ANDREW CARNEGIE. When Andrew Carnegie retired in 1901 at age 65, the Scottish

THE LEGACY OF ANDREW CARNEGIE. When Andrew Carnegie retired in 1901 at age 65, the Scottish Oooo THE LEGACY OF ANDREW CARNEGIE When Andrew Carnegie retired in 1901 at age 65, the Scottish immigrant and son of a poor weaver had locked away in his own Hoboken, New Jersey, bank the largest private

More information

Chapter 5 Notes: The Industrial Age. The railroad system expanded rapidly in the late 1800s, building large fortunes for some wealthy businesspeople.

Chapter 5 Notes: The Industrial Age. The railroad system expanded rapidly in the late 1800s, building large fortunes for some wealthy businesspeople. Chapter 5 Notes: The Industrial Age Section 1: Railroads Lead the Way The railroad system expanded rapidly in the late 1800s, building large fortunes for some wealthy businesspeople. Those who labored,

More information

Theodore Roosevelt Leads America Into the 20th Century

Theodore Roosevelt Leads America Into the 20th Century Theodore Roosevelt Leads America Into the 20th Century Written by Frank Beardsley 11 January 2006 THE MAKING OF A NATION -- a program in Special English by the Voice of America. In September, nineteen-oh-one,

More information

INTERVIEW. In business, success and the longevity that comes. Over the past three decades, Kenneth Feld, 67, chairman

INTERVIEW. In business, success and the longevity that comes. Over the past three decades, Kenneth Feld, 67, chairman INTERVIEW In business, success and the longevity that comes with it naturally leads to succession. But leadership transitions are also moments of uncertainty. This may be truest in the realm of family

More information

THE AMERICAN LAW INSTITUTE Continuing Legal Education. Representing Estate and Trust Beneficiaries and Fiduciaries July 7-8, 2016 Chicago, Illinois

THE AMERICAN LAW INSTITUTE Continuing Legal Education. Representing Estate and Trust Beneficiaries and Fiduciaries July 7-8, 2016 Chicago, Illinois 135 THE AMERICAN LAW INSTITUTE Continuing Legal Education Representing Estate and Trust Beneficiaries and Fiduciaries July 7-8, 2016 Chicago, Illinois Will Contests: Direct and Cross, in Action By Lisa

More information

Theodore Roosevelt. 1. Theodore Roosevelt ( ) a. Childhood

Theodore Roosevelt. 1. Theodore Roosevelt ( ) a. Childhood Theodore Roosevelt Theodore Roosevelt 1. Theodore Roosevelt (1858-1919) a. Childhood i. Born into extreme wealth in New York City ii. Started out weak & in poor health 1. Had severe asthma (not expected

More information

ANDREW ESPINO. Cultivating Culture through Real Estate

ANDREW ESPINO. Cultivating Culture through Real Estate ANDREW ESPINO ANDREW ESPINO Cultivating Culture through Real Estate As a third generation San Josean, this city has been a part of Andrew Espino s family for over 75 years. He has a special place in his

More information

Guide to the George C. Walker Scrapbook

Guide to the George C. Walker Scrapbook University of Chicago Library Guide to the George C. Walker Scrapbook 187-190 2006 University of Chicago Library Table of Contents Descriptive Summary Information on Use Access Citation Biographical Note

More information

Changing in a time of change

Changing in a time of change Changing in a time of change CERAWeek Houston, USA Ben van Beurden Chief Executive Officer of Shell March 7, 2018 Ben van Beurden became Chief Executive Officer (CEO) with effect from January 1, 2014.

More information

INDEX. Andrea Tengwall 3. The Tengwall File & Ledger Company 3. The Tengwall File & Ledger Company Chicago 4. Tengwall s Board of Directors 5

INDEX. Andrea Tengwall 3. The Tengwall File & Ledger Company 3. The Tengwall File & Ledger Company Chicago 4. Tengwall s Board of Directors 5 INDEX Andrea Tengwall 3 The Tengwall File & Ledger Company 3 The Tengwall File & Ledger Company Chicago 4 Tengwall s Board of Directors 5 Fire at the Tengwall File & Ledger Company 5-6 The Tengwall File

More information

William P. Sherman Papers

William P. Sherman Papers William P. Sherman Papers Inclusive Dates: 1976-2002 Name and Location of Repository: William P. Sherman Library and Archives Lewis and Clark Trail Heritage Foundation, Great Falls, MT Collection Processed

More information

Railroads Lead The Way Inventions An Age of Big Business Industrial Workers

Railroads Lead The Way Inventions An Age of Big Business Industrial Workers Railroads Lead The Way Inventions An Age of Big Business Industrial Workers Questions Setting up for Cornell Notes Draw a line across the paper about 3 lines down from the top Draw line down 1/3 rd across

More information

Industrialization Presentation

Industrialization Presentation Industrialization Presentation 2) I can identify, explain, and compare the first and second Industrial Revolutions in the U.S. 3) I can define Industrial Revolution Rapid economic growth primarily driven

More information

Sir William Gallagher

Sir William Gallagher Europe North America Latin America Asia-Pacific Award winners Asia-Pacific New Zealand Sir William Gallagher Gallagher Sir William Gallagher is one of New Zealand s best-known businessmen. When he took

More information

DOMESTIC MANUFACTURING MATTERS. SEE WHAT WE SHOULD DO TO SUPPORT IT.

DOMESTIC MANUFACTURING MATTERS. SEE WHAT WE SHOULD DO TO SUPPORT IT. DOMESTIC MANUFACTURING MATTERS. SEE WHAT WE SHOULD DO TO SUPPORT IT. The Power of Domestic Manufacturing.... 2 Steel s Part in the Story.... 5 Risk to the American Worker.... 16 How Zekelman Supports Workers....

More information

The seventh M&A wave. Marcos Cordeiro SEPTEMBER, 2014

The seventh M&A wave. Marcos Cordeiro SEPTEMBER, 2014 SEPTEMBER, 2014 The seventh M&A wave Marcos Cordeiro The history of mergers and acquisitions is probably as long as commerce itself, and it is difficult to determine a date for the first case of a merger

More information

Baylor really helped me develop people skills and my ability to lead and convince.

Baylor really helped me develop people skills and my ability to lead and convince. full time and eventually promoted to be the company s director of acquisitions and divestitures. It was a great experience for me, he said. Buying and selling properties and drilling deals gave me a lot

More information

American Civil War Part Three: Important People Character Studies and Mini-books Abraham Lincoln Harriet Tubman Robert E. Lee Ulysses S.

American Civil War Part Three: Important People Character Studies and Mini-books Abraham Lincoln Harriet Tubman Robert E. Lee Ulysses S. American Civil War Part Three: Important People Character Studies and Mini-books Abraham Lincoln Harriet Tubman Robert E. Lee Ulysses S. Grant Jefferson Davis Meet Harriet Tubman One famous slave was named

More information

Charles Clark. From Rags to Riches

Charles Clark. From Rags to Riches Charles Clark From Rags to Riches Biography written by: Becky Marburger Education Specialist Wisconsin Public Television Education A special thank you to the following for assisting with this project:

More information

THE LEGACY: Join Sam the Explorer on a quest to discover the life and legacy of Andrew Carnegie!

THE LEGACY: Join Sam the Explorer on a quest to discover the life and legacy of Andrew Carnegie! L P M TH LGACY: A X Join Sam the xplorer on a quest to discover the life and legacy of Andrew Carnegie! The Legacy written module materials were created by the Carnegie Dunfermline Trust, and accompanying

More information

A Tribute to the Men and Women Who Made It Happen ISSUE 14 Richard Dick Slagle

A Tribute to the Men and Women Who Made It Happen ISSUE 14 Richard Dick Slagle LEGENDS FROM THE HILL TO THE ATRIUM A Tribute to the Men and Women Who Made It Happen ISSUE 14 Richard Dick Slagle Family, friends and colleagues remember Richard Dick Slagle not only as a visionary, super

More information

Gregory J. Zavaglia likes doing business with banks, for they always pay on time. Did you read that sentence right?

Gregory J. Zavaglia likes doing business with banks, for they always pay on time. Did you read that sentence right? Gregory J. Zavaglia likes doing business with banks, for they always pay on time. Did you read that sentence right? Yes, you did. It didn t say that banks like to do business with Zavaglia because he always

More information

A NEW INDUSTRIAL AGE

A NEW INDUSTRIAL AGE A NEW INDUSTRIAL AGE 1870-1900 EXPANSION OF INDUSTRY New innovations and inventions lead to the growth of industry and changes in the American economy. I. Expansion of Industry After the Civil War, the

More information

De Beers : A Monopoly in the Diamond Industry. Presented by: Costas Arkolakis University of Minnesota

De Beers : A Monopoly in the Diamond Industry. Presented by: Costas Arkolakis University of Minnesota De Beers : A Monopoly in the Diamond Industry Presented by: Costas Arkolakis University of Minnesota My name is Costas Arkolakis I am originally from Athens, Greece I am a third-year student of the Ph.D.

More information

Elon Musk Andreas Kapadoukas Γ 1

Elon Musk Andreas Kapadoukas Γ 1 Elon Musk Andreas Kapadoukas Γ 1 Elon Musk General information Elon Reeve Musk was born on June 28 th,1971 and is 46 years old. In December 2016, he was ranked 21st on the Forbes list of The World's Most

More information

Sample file. GROWTH AND TRANSFORMATION: United States History Workbook #8. Workbooks in This Series: Table of Contents:

Sample file. GROWTH AND TRANSFORMATION: United States History Workbook #8. Workbooks in This Series: Table of Contents: Page2 Student Handouts, Inc. www.studenthandouts.com Workbooks in This Series: 1. Early America 2. The Colonial Period 3. The Road to Independence 4. The Formation of a National Government 5. Westward

More information

HISTORY ALIVE CH 13: AGE OF INNOVATION AND INDUSTRY

HISTORY ALIVE CH 13: AGE OF INNOVATION AND INDUSTRY HISTORY ALIVE CH 13: AGE OF INNOVATION AND INDUSTRY (Correlates with Chapter 3 in Our Class Textbooks) SECTION 1 INTRODUCTION In September 1878, a young inventor from Menlo Park, New Jersey, went to see

More information

A Quick Guide To Search Engine Optimization

A Quick Guide To Search Engine Optimization A Quick Guide To Search Engine Optimization For our latest special offers, free gifts and much more, Click here to visit us now You are granted full Master Distribution Rights to this ebook. You may give

More information

Jaswinder Jassi S. Chadha

Jaswinder Jassi S. Chadha Jaswinder Jassi S. Chadha marketrx Inc Introducing Jaswinder Chadha It is a surprising fact that some of the leading companies arrived at the top without taking early venture capital funding. Today s market

More information

The Real Secret Of Making Passive Income By Using Internet At Your Spare Time!

The Real Secret Of Making Passive Income By Using Internet At Your Spare Time! Internet Marketing - Quick Starter Guide The Real Secret Of Making Passive Income By Using Internet At Your Spare Time! FILJUN TEJANO Table of Contents About the Author 2 Internet Marketing Tips For The

More information

Background. Ensuring That Wealth Grows in the Next Generation. Nancy Bruns. Peter Bernick. Clint Greenleaf. Bruce Hoffmeister, Wilmington Trust

Background. Ensuring That Wealth Grows in the Next Generation. Nancy Bruns. Peter Bernick. Clint Greenleaf. Bruce Hoffmeister, Wilmington Trust Ensuring That Wealth Grows in the Next Generation Nancy Bruns Peter Bernick Clint Greenleaf Bruce Hoffmeister, Wilmington Trust Background The Dickinson Family 8 Generations of a Family Enterprise Dickinson

More information

Weekly Test Lesson 12

Weekly Test Lesson 12 Read the text. Then answer the questions. The Origin of Currency in America Suppose you wanted to buy something at the store, but you had only a handful of coins from other countries. It may sound strange,

More information

Level 4-10 Ivan the Fool

Level 4-10 Ivan the Fool Level 4-10 Ivan the Fool Workbook Teacher s Guide & Answer Key Teacher s Guide A. Summary 1. Book Summary A farmer had three sons: Simeon, a soldier, Tarras, a merchant, and Ivan, a fool. Simeon and Tarras

More information

How to Use This Product... 3 Introduction to Primary Sources... 5 Using Primary Sources Document Based Assessments Appendix...

How to Use This Product... 3 Introduction to Primary Sources... 5 Using Primary Sources Document Based Assessments Appendix... How to Use This Product........... 3 Introduction to Primary Sources..... 5 Using Primary Sources........... 15 Photographs Spinning Jenny...................15 16 James Hargreaves: Inventor of the Spinning

More information

Medex d.o.o. When loving your bees means loving your company. Aleša Kandus, Co-owner and Director Aleš Mižigoj, Co-owner and former Director

Medex d.o.o. When loving your bees means loving your company. Aleša Kandus, Co-owner and Director Aleš Mižigoj, Co-owner and former Director Medex d.o.o. Aleša Kandus, Co-owner and Director Aleš Mižigoj, Co-owner and former Director When loving your bees means loving your company Every morning, I start the day with a spoonful of royal jelly,

More information

Arcade cards provided cheap thrills

Arcade cards provided cheap thrills Arcade cards provided cheap thrills By George Vrechek Arcade cards bring back memories of penny arcades. However, the number of people with memories of penny arcades decline each year, and arcade cards

More information

Not playing games: Toys R Us, faced with low sales, to close U.S. stores

Not playing games: Toys R Us, faced with low sales, to close U.S. stores Not playing games: Toys R Us, faced with low sales, to close U.S. stores By Associated Press, adapted by Newsela staff on 03.21.18 Word Count 711 Level 870L Yvette Ibarra holds a Dancing Princess Barbie

More information

TRINITY CENTER Let s start with the beginning

TRINITY CENTER Let s start with the beginning TRINITY CENTER Let s start with the beginning The Episcopal Diocese of East Carolina Trinity Center is located on 62 maritime forest acres encompassing both Bogue Sound and Atlantic Ocean frontage in Pine

More information

Industrial Age- 1. Identify 4 factors 2. Identify 3 entrepreneurs and their industry 3. Analyze 2 reasons for the Government s inaction

Industrial Age- 1. Identify 4 factors 2. Identify 3 entrepreneurs and their industry 3. Analyze 2 reasons for the Government s inaction Industrial Age- from 1860-1900 the US transforms from an agricultural nation to the largest manufacturing nation in the world Think- Why do you feel the US is one of the most productive, richest, and industrial

More information

John C. Hampton

John C. Hampton John C. Hampton 1926 2006 Fortunately for the forest products industry and the Pacific Northwest, John Hampton decided to stop by his father s Portland, Oregon, office in 1947 on his way to Tacoma, Washington,

More information

THE BIRTH OF A COLOSSUS.

THE BIRTH OF A COLOSSUS. "My father taught me something invaluable...research is the mother of development for a country, for a company and for people": Roberto González Barrera. The first year of a new decade lapsed; 1930 finally

More information

Trust in the digital age

Trust in the digital age Trust in the digital age Web Summit Lisbon, Portugal Ben van Beurden CEO, Royal Dutch Shell plc November 8, 2018 Ben van Beurden became Chief Executive Officer (CEO) with effect from January 1, 2014. He

More information

Portraits. Mona Lisa. Girl With a Pearl Earring

Portraits. Mona Lisa. Girl With a Pearl Earring CHAPTER TWO My Dear Helen, If my calculations are correct, this year you will be fifteen years old... the same age as I was when they gave the necklace to me. Now I d like you to have it. With much love

More information

Former President George H.W. Bush lived many lives before his death

Former President George H.W. Bush lived many lives before his death Former President George H.W. Bush lived many lives before his death By Associated Press, adapted by Newsela staff on 12.03.18 Word Count 456 Level 580L Former President George H.W. Bush pictured in May

More information

Presidential Profile: Barack Obama

Presidential Profile: Barack Obama Name # Presidential Profile: Barack Obama By White House Historical Association, adapted by Newsela staff on 02.10.16 Word Count 759 U.S. President Barack Obama during a sitting for his official photograph

More information

Greg Rogers: a Banker and City Leader

Greg Rogers: a Banker and City Leader Greg Rogers Greg Rogers: a Banker and City Leader A native of the Midwest, Greg Rogers brought his family to Southern California in the early 1900s. Settling in the small community of Chula Vista before

More information